Net-a-Porter adds colour to White City: An online luxury fashion retailer will

move more than 600 staff to the BBC’s former west London base in a boost

towards regeneration of the area.

Retail veteran has convenient next stop at Palmer & Harvey: The former Boss of

One Stop, the convenience stores chain owned by Tesco, has found a new job

as Chief Executive of one of Britain’s biggest food and drinks wholesalers.

Hermes demands pay cap for Bosses: One of Britain’s most vocal asset

Managers, Hermes Investment Management has called for the pay of big

company Bosses to be capped.

BBC pensions balloon with Brexit bonus: Staff at the BBC are among public

sector, charity and private sector workers cashing in on a “Brexit bonus” with

massive payouts from their gold-plated pension pots.

Army set to buy £3 billion fleet from German firms: The army is poised to buy

a fleet of armoured vehicles from Germany for £3 billion in a deal that risks

costing Britain an extra £1 billion and hundreds of jobs.

NHS hospitals open own care homes to tackle beds crisis: NHS hospitals are

opening their own nursing homes and employing their own home helps to

deal with a crisis in the elderly care system.

Goldman court victory over $60 billion Gaddafi fund: Goldman Sachs has won

a legal case relating to its work with the former Libyan regime of Colonel

Gaddafi over claims that the bank pushed the country’s wealth fund into a

series of risky trades that ended up costing it $1.2 billion.

China helps VW to make clean break: Growing demand from Chinese

motorists is helping to drive a recovery in sales at Volkswagen after the slump

suffered in the wake of its emissions scandal.

Cost of filling up at the pumps leaps as sterling tanks: Drivers are facing misery

at the pumps as the falling pound has helped to push a family’s petrol bill up

by at least £14 a month.

Investor’s hurdle to William Hill deal: William Hill’s proposed £6 billion merger

is on a knife edge as Britain’s largest bookmaker pleads with its biggest

shareholders for more time to assess a deal.

Philip Green hires QC to fight claim of ‘plundering’ BHS: The Topshop tycoon

Sir Philip Green has hired a top barrister in an attempt to salvage his

reputation, as MPs prepare to debate stripping the billionaire of his

knighthood over the collapse of BHS.

Chinese link as smart meters’ spook GCHQ: Chinese electronic companies are

manufacturing smart meters to install in millions of Britain’s homes despite

warnings by the intelligence agency GCHQ that the technology poses a

potential threat to national security.

Current

Value (%)

Change* 1W% Change

FTSE 100 6,970.9 -0.6%

DAX 30 10,542.3 -0.4%

CAC 40 4,457.9 -0.3%

DJIA** 18,138.4 -

S&P 500** 2,133.0 -

NASDAQ Comp.** 5,214.2 -

Nikkei 225 16,900.1 0.3%

Hang Seng 40 23,037.5 -0.8%

Shanghai Comp 3,041.2 -0.7%

Kospi 2,027.6 0.2%

BSE Sensex 27,548.1 -0.5%

S&P/ASX 200 5,388.7 -0.8%

Current Values as at 11:15 BST, *%Chg from Friday Close, **As on Friday Close

-0.6%

-1.4%

-1.5%

2.0%

-2.6%

-0.02%

-1.5%

-1.0%

-0.6%

0.5%

0.9%

-0.4%

Misys cuts £1 billion from float value in City’s Brexit turmoil: Software giant Misys has been forced to slash the value of its

blockbuster float by up to 30% in the latest sign of market ructions unleashed by the Brexit vote.

May offers Nissan driverless deal to soften Brexit blow: Downing Street has offered Britain’s roads to Nissan as a test track for

driverless cars in an effort to persuade the Japanese automotive giant not to quit the UK after Brexit.

Saudis keep lid on reserves: Saudi Arabia is crafting a plan to avoid revealing its oil reserves as part of the $2 trillion (£1.6 trillion)

stock market float of state oil giant Saudi Aramco.

Nigerian Minister’s oil cash probe: Britain has stepped up its landmark case against a former Nigerian Oil Minister allegedly involved

in the disappearance of more than $20 billion from her country’s coffers.

No tax bill for Owner of Cadbury: The American Owner of Cadbury paid no corporation tax on its flagship British business last year,

despite enjoying sales of £1.7 billion.

EasyJet pumps cash into tech start-ups: EasyJet has pumped a “multimillion-pound” sum into a start-up accelerator that it hopes will

breed the next big thing in the so-called travel-tech industry.

BHS undertakers chase millions from Mastercard: Administrators to BHS are investigating whether the failed department store chain

has the right to claim millions of pounds from Sir Philip Green’s empire over a legal case against the payments group Mastercard.

Boss cements plans for £40 million payday: A builders’ merchant from east Yorkshire is in line for £40 million from the sale or float

of his business. David Kilburn co-founded MKM Building Supplies in 1995 with a single warehouse in Hull after being made

redundant.

Barclays taken to tribunal by Qatar funding banker: A former Barclays banker at the centre of a criminal investigation by the Serious

Fraud Office (SFO) is to mount a legal challenge against the bank.

Dealmakers give Britain the cold shoulder: Britain has become a less desirable place for companies to invest because of uncertainty

surrounding Brexit.

Dividends kept afloat by sterling’s weakness: The slump in the value of the pound has come to the rescue of British investors, who

would have been facing a fall in dividends as global companies cut payments.

Inflation ‘will push jobless rate to 6%’: Inflation will cripple household spending next year and depress GDP growth as the economy

adjusts to a weaker pound after the vote for Brexit, an economic forecaster has claimed.

Vulture funds circle BrightHouse as the picture looks bleak: Investors are gambling that BrightHouse, the hire-purchase chain, is on

the verge of breaching its banking covenants after a regulatory crackdown on the electricals and furniture retailer.

Cadbury’s owner paid no tax on £177 million: The American owner of Cadbury paid no corporation tax on its main UK business last

year, despite making a profit of £177 million.

Kenya Airways’ Chairman to step down this year: Kenya Airways’ Chairman has said he will step down this year as the crisis

blighting the lossmaking airline escalated on Sunday when outsourced staff failed to turn up for work, forcing flights to be

cancelled.

To Read More Click Here

Wells Fargo results reveal sharp drop in new accounts: Account openings have dropped sharply at Wells Fargo as the US bank

grapples with the fallout from the scandal over fraudulent sales practices that toppled its Chief Executive.

To Read More Click Here

Rosneft leads $13 billion purchase of Essar Oil: Investors led by Rosneft have agreed to buy oil refining and port assets from India’s

troubled Essar Group in a deal worth $13 billion, as Moscow seeks to boost its marginal presence in an increasingly crucial

hydrocarbon market.

To Read More Click Here

Petrobras outlines new pricing formula: Brazil’s state-owned oil company Petrobras has sought to allay one of the principal concerns

of investors by detailing a new pricing formula for petrol and diesel sales.

To Read More Click Here

Qatar funding banker takes Barclays to employment tribunal: One of Barclays’ most senior former Executives is pushing ahead with

an employment claim against the bank, alleging unfair dismissal amid a criminal probe by fraud prosecutors into Barclays’ £7.3

billion fundraising at the height of the financial crisis.

To Read More Click Here

Twitter suitors vanish as Salesforce rules out bid: The Boss of Salesforce.com has ruled out his company as a bidder for Twitter, all

but bringing an end to attempts to find a buyer for the struggling internet company.

To Read More Click Here

May assures Nissan of shield against Brexit tariffs: Nissan has been given assurances by Theresa May that trading conditions for its

Sunderland car plant will not change after Britain’s exit from the EU, in the first suggestion that the government could pick favoured

sectors to shield from the impact of Brexit.

To Read More Click Here

Goldman wins $1 billion legal battle with Libya wealth fund: Goldman Sachs has won a $1 billion lawsuit brought against it by the

Libyan Investment Authority after a High Court judge in London rejected claims that the US bank had exercised undue influence

over the sovereign wealth fund.

To Read More Click Here

SoftBank and Saudi Arabia plan $100 billion tech fund: SoftBank and Saudi Arabia’s sovereign wealth fund are preparing to launch

a new tech fund that will manage as much as $100 billion, in a move that will create one of the largest tech investment funds in the

world.

To Read More Click Here

Carmakers’ suppliers at risk of being hit by Brexit tariffs: Suppliers to UK industry say uncertainty over trade agreements may force

them to relocate overseas.

To Read More Click Here

UK prosecutors question Barclays Executives for Libor probe: UK prosecutors have stepped up their probe into whether senior

bankers allegedly ordered the lowballing of Libor at Barclays, the third criminal investigation the lender has faced as a result of the

benchmark-rigging scandal.

To Read More Click Here

Germany’s Sonnen raises $85 million in fourth funding round: Sonnen, the German energy storage start-up, has raised $85 million

in a fourth fundraising round as it seeks to expand its business and attract more customers on to a renewable energy grid.

To Read More Click Here

BP to decide on first green energy investment for five years: BP is considering its first significant new investment in renewable energy

for five years, as it prepares to make a decision on expanding its US wind power business by the end of this year.

To Read More Click Here

Negative rates threaten to deflate crucial Japan leasing sector: Japan’s leasing sector — a critical source of massive annual

investment to millions of companies — risks becoming an unintended victim of the country’s negative interest rate policy even as

the central bank tries to stimulate the economy.

To Read More Click Here

Passera rescue plan studied by Italy’s Monte dei Paschi: The board of Italy’s Banca Monte dei Paschi di Siena is studying a proposal

for a €5 billion recapitalisation of the world’s oldest lender presented by veteran banker Corrado Passera with backing from Bob

Diamond’s investment vehicle.

To Read More Click Here

L&T wants India’s banks to swallow more losses: A distressed asset crisis in India's infrastructure sector is slicing a full percentage

point from national growth, according to the head of the country's biggest engineering and construction group, who wants banks

to swallow losses in order to get stalled projects moving again.

To Read More Click Here

Crown Resorts staff detained in China crackdown: Shares in Crown Resorts, the Australian gaming and resorts company controlled

by billionaire James Packer, slumped by more than 10% on Monday following the arrests of 18 employees by Chinese authorities.

To Read More Click Here

Marmite battle signals wider war between retailers and suppliers: The price battle between Unilever and Tesco that led the UK

supermarket to delist products such as Marmite and Ben & Jerry’s ice cream proved shortlived but the war over rising food prices is

far from over between retailers and their suppliers.

To Read More Click Here

Didi Chuxing to be hit by rules on migrant drivers: China’s government has proposed strict new limits on car hailing apps’ use of

migrants as drivers in major cities, in a blow to Didi Chuxing and potentially to other Chinese internet groups.

To Read More Click Here

Volcano clouds Japan’s biggest IPO this year: A 10km pillar of ash that spewed from one of Japan’s largest active volcanoes and

triggered warnings of more eruptions has “complicated” efforts to sell investors on the country’s biggest share listing of 2016,

brokers say.

To Read More Click Here

Boost for UK steel as Liberty reopens Kent plant after four years to create 100 jobs: A steel plant closed more than four years ago is

to reopen and start production next year. Liberty House said the site at Sheerness in Kent will restart production of bar-and-rod

products by mid-2017, employing scores of workers.

Car makers roll out 'first wave' of rises as they face higher costs after pound's slump: All eyes were on the headline-grabbing spat

between Unilever and Tesco last week, but the car industry has been quietly adding hundreds of pounds to the list price of new

vehicles for British drivers.

Success of economy post-vote is 'deceptive' and growth will slump to just 0.8% next year, says forecaster EY: Economic growth will

slump to just 0.8 % in 2017 and the apparent success of the UK economy in the face of Brexit is ‘deceptive’, according to a

respected forecaster.

Hedge funds in push to curb rules over shorting now that Britain is to leave the EU: Hedge funds are hoping that rules forcing them

to reveal short positions could be relaxed or even scrapped when Britain leaves the EU.

Businesses rush to snap up BCC’s currency hedging product to manage risks of falling pound : The British Chambers of Commerce

has seen a surge in small firms taking out its currency hedging product to cover themselves against rising costs resulting from

sterling’s weakness.

Former BHS Owner Dominic Chappell set to refile accounts - this time with £650,000 loan: Former BHS Owner Dominic Chappell is

poised to file amended accounts for his family firm showing £650,000 of loans previously left out of the figures.

Man Group shares jump after hedge fund unveils new acquisition and a $100m share buyback: Shares in Man Group soared today

after the hedge fund firm posted a strong trading update and unveiled the acquisition of US real estate equity Manager, Aalto

Invest.

Mountain Warehouse says shop prices will rise to offset the weaker pound after Brexit, as it confirms it has shelved float : A weaker

pound will mean higher prices for Mountain Warehouse customers, the outdoor retailer has warned, as it indicated it has shelved

plans to float on the stock market.

Another stock market float in peril as software giant Misys is forced to slash price by 30%: Software giant Misys has been forced to

slash the price of its stock market float by up to 30%.

Let us build HS2, says UK steel industry after French win Trident deal: Industry Chiefs are piling pressure on ministers to ensure steel

produced in the UK is used to build the High Speed 2 rail link.

Ladbrokes merger with Coral nears as bookies agree to sell 359 shops: Ladbrokes and Coral have agreed to sell more than 350

betting shops as part of their £2.3billion merger. Rivals Betfred will buy 322 shops for £55 million and Stan James will purchase 37

sites for £500,000.

Brexit latest: Eurostar to cut train services and axe staff due to ‘challenging environment’ after EU vote : The next institution under

threat as a result of Brexit is Eurostar. The train operator is to cut one in 12 services from London St Pancras to Paris and Brussels,

due to a “challenging environment”.

Pound sterling could be worth less than a dollar within three years, investor Jim Rogers warns: International investor Jim Rogers has

warned that the value of the pound could go under one dollar within three to four years if Scotland was to leave the UK.

'Name blind' job applications needed to stop bias, says CBI: Companies should remove candidates’ names from job applications and

offer flexible working from the outset of the recruitment process to create a more dynamic and diverse workforce, according to

employers’ body the CBI.

Nicola Sturgeon plans to strengthen Scotland’s trade links with EU: Nicola Sturgeon is to unveil a four-point plan for building

stronger independent Scottish trade links with the EU in a further challenge to Theresa May’s Brexit strategy.

NHS saves £600 million in crackdown on agency fees: The NHS has slashed more than £600 million from the billions it pays every

year for temporary doctors and nurses by cracking down on fees paid to “rip-off” staffing agencies, new figures reveal.

Rising inflation to hit consumers until 2018, forecasters say: The role of the weak pound in pushing up prices for UK shoppers and

motorists will become clearer this week, with official figures expected to show a sharp rise in inflation.

UK faces growth slowdown as Brexit challenges hit: Britain should brace itself for a growth slowdown in the coming years, as falling

consumer spending and business investment applies the brakes to the UK economy, a report has said.

Banks could move assets out of UK by 2017 if 'EU passport' is lost: Banks could start making decisions to move assets out of the UK

as early as the end of 2017 if there is no deal in place to maintain their rights to sell services freely across the European Union, a

leading think-tank has warned.

Property rentals to outstrip sales for first time since 1930s: The property rental market is booming at the expense of the sales

market, making it look as if house-buying will be outstripped for the first time in eight decades next year, as home-buyers face a

continued struggle to find properties they can afford.

Monday,

17 October 2016

UK: Rightmove House Price Index (MoM),

Rightmove House Price Index (YoY)

US: NY Empire State Employment Index, NY

Empire State Manufacturing Index, Capacity

Utilisation, Industrial Production (MoM),

Manufacturing (SIC) Production (MoM)

EU: HICP Ex-Tobacco (MoM), HICP Ex-Tobacco

(YoY), HICP - All Items, Consumer Price Index -

Core (YoY), Consumer Price Index (MoM),

Consumer Price Index (YoY)

Final Results: Applied Graphene Materials, Avacta

Group, Bioventix, Lok'n Store Group, Tristel

Trading Announcements: Pearson, Robert Walters

Tuesday,

18 October 2016

UK: CPI Core, Retail Price Index, Consumer Price

Index (MoM), Consumer Price Index (YoY), Core

Consumer Price Index (YoY), PPI Core Output

(MoM) n.s.a, PPI Core Output (YoY) n.s.a,

Producer Price Index - Input n.s.a (MoM),

Producer Price Index - Input n.s.a (YoY), Producer

Price Index - Output n.s.a (MoM), Producer Price

Index - Output n.s.a (YoY), Retail Price Index

(MoM), Retail Price Index (YoY), Retail Price Index

Ex Mort Int.Payments (YoY)

US: Real Average Weekly Earnings (YoY),

Consumer Price Index (MoM), Consumer Price

Index (YoY), Consumer Price Index Core s.a,

Consumer Price Index Ex Food & Energy (MoM),

Consumer Price Index Ex Food & Energy (YoY),

Consumer Price Index n.s.a., Redbook Index

(YoY), Redbook Index s.a. (MoM), NAHB Housing

Market Index, Net Long-Term TIC Flows, Total

Net TIC Flows

EU: ECB Bank Lending Survey, ESM to Sell 6M

Bills

Final Results: ASOS, Bellway, Connect Group,

DotDigital Group, Utilitywise plc

Interim Results: B.P. Marsh & Partners, Gear4Music

Holdings

Trading Announcements: Burberry, Evraz, Fusionex

International, Hays, Informa, Polymetal International,

SABMiller

Wednesday,

19 October 2016

UK: Unemployment Level, Unemployment

Change, Average Earnings excluding Bonus

(3Mo/Yr), Average Earnings including Bonus

(3Mo/Yr), Claimant Count Change, Claimant

Count Rate, Employment Change (3M/3M), ILO

Unemployment Rate (3M)

US: MBA Mortgage Applications, MBA Purchase

Index s.a. (Current Change), MBA Refinance

Index (Current Change), MBA Market Index,

MBA Purchase Index s.a., MBA Refinance Index,

Building Permits, Housing Starts, Housing Starts

(MoM), Building Permits (MoM), Fed's Williams

Speaks in New Jersey, DOE Distillate Inventory,

DOE Gasoline Inventories, DOE Cushing OK

Crude Inventory (Barrels), EIA Crude Oil Stocks

Change (Barrels), Fed's Beige Book

EU: Construction Output s.a (MoM),

Construction Output w.d.a (YoY), ECB Balance

Sheet & Securities Holdings, CB Balance sheet

Final Results: Softcat

Interim Results: Datatec Ltd. (DI), U And I Group

Trading Announcements: Reckitt Benckiser, Rentokil

International, Travis Perkins

Thursday,

20 October 2016

UK: Retail Sales (MoM), Retail Sales (YoY), Retail

Sales ex-Fuel (MoM), Retail Sales ex-Fuel (YoY)

US: Continuing Jobless Claims - Net Change,

Initial Jobless Claims - Net Change, Philadelphia

Fed Manufacturing Survey, Leading Indicator

(MoM), Existing Home Sales, Existing Home Sales

(MoM), EIA Natural Gas Storage Change, EIA

Natural Gas Storage

EU: Current Account s.a, Current Account n.s.a,

ECB Interest Rate Decision, ECB Monetary Policy

Statement and Press Conference

Interim Results: Lombard Risk Management

Trading Announcements: COLT Group SA,

International Personal Finance, London Stock

Exchange Group, Rathbone Brothers, Rio Tinto,

SEGRO

Friday,

21 October 2016

UK: PSNB ex Interventions, Public Sector Net

Cash Requirement, Public Sector Net Borrowing,

CBI Trends Selling Prices, CBI Business Optimism,

CBI Industrial Trends Survey - Orders

US: Baker Hughes US Rig Count

EU: ECB Survey of Professional Forecasters, Euro

Area Second Quarter Government Debt,

Consumer Confidence

Trading Announcements: Acacia Mining,

Computacenter, Decra Pharmaceuticals,

Immunodiagnostic Systems, InterContinental Hotels,

Record, Schlumberger